BitPay Partners with Simplex to Offer Zero Fees for US Based Crypto Purchases for a Limited Time

The firm focuses on partnering with global payment platforms to support online payment services as well as fiat currency or digital asset transaction services. The integration of Simplex solutions for bank card processing allows traders and cryptocurrency exchanges to perform familiar e-commerce transactions with the maximum level of protection. Simplex are building the fiat-to-crypto infrastructure for the entire world. Through their payment processing and crypto banking infrastructure, they’re making cryptocurrency accessible to all. Simplex is a licensed financial institution offering the widest range of payment methods and fraud-free cryptocurrency purchases. Pioneering new methods for accessibility and innovations to its partner network, Simplex is a team obsessed with crypto adoption. Simplexaccepts most major credit cards, includingVISAandMasterCard. Some virtual, prepaid, and debit cards are also accepted.Note, however, that some issuer banks have their own terms regarding where and when those cards can be used and may decline the charge on their side. If you have any questions, please contact the Simplex support team. The tie-up will also enable BitDCE to allow its users to purchase cryptocurrency using payment methods including Visa and Mastercard.

Think of us as a strategic partner with whom you can speak about any aspect of cryptocurrency business. Our experts possess in-depth business and system development knowledge in crypto space, and can assist clients in the full business cycle of strategy formation, system design, development, and support. We support full cyclical business processes enabling our clients launch new businesses rapidly and securely. We provide support to not only the finance industry, but also logistics, medical, insurance, and real estate industries, interested in introducing blockchain as a means to improve operational efficiency and reduce costs.

The decentralized future needs you

I will now transfer this issue to our fraud analyst team, which will ask you additional questions in order to understand your situation better, as well as provide you with further support. Wow, I was really surprised and very happy when my transaction went so smoothly thru the whole process! Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. Here’s how you can buy cryptocurrency with Simplex on the BTCC app. Only the user’s purchase transaction data through Simplex during the activity will be counted. During the activity time, all Gate.io users who meet the conditions below via Simplex will have a chance to receive the corresponding rewards. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Simplex’s CEO, Nimrod Levahi is not new to the world of electronic payment systems.

• I leant the money to a friend on the understanding that it would go back into my account and it wasn’t refunded.
• The tie-up will also enable BitDCE to allow its users to purchase cryptocurrency using payment methods including Visa and Mastercard.
• The general rule, however, is that Simplex crypto transactions happen immediately – there is no delay.
• Simplex also provides a KYC opt-out feature for purchases less than USD $150.
• It is a full-fledged solution with all the features and functionality required to get our clients started on client-onboarding business quickly and securely.

We assist our clients create new business with our expertise in blockchain learnt through financial industry. Simplex also provides a KYC opt-out feature for purchases less than USD $150. This could happen when there is a problem with verification checks or other issues. Aside from that, your crypto transaction is supposed to be instant with Simplex. The crypto market is full of rogue operators with fraudulent websites popping up frequently to cash in on the unwary investor’s mistakes. In 2019, the Wall Street Journal reported that crypto scams resulted in more than $4 billion of losses — that’s a huge amount of money. One of the last points that we need to discuss in this Simplex Bitcoin review are the fees that are applicable to your transactions. The general rule, however, is that Simplex crypto transactions happen immediately – there is no delay. One of the more prominent features of Simplex that’s echoed by multiple user Simplex reviews is that the service is very simple to use. You see, when asked about their ideas on crypto, many newcomers to the topic are probably going to use terms such as “decentralized”, “blockchain” and “Bitcoin” – that’s normal.

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Onfido also runs Identity Record and Sanctions Watchlist checks to further ensure that customers are genuine. A crypto wallet for both web and mobile offers its users the ability to buy Bitcoin and Ether for USD or EUR via a credit card right in the app. Residents of the US can buy crypto seamlessly and securely with no credit or debit card fees from the BitPay Wallet app in collaboration with Simplex. In most cases, payments are processed within24 hours.In rare cases, it may take up to48 hoursdue to delays in identity verification or high demands on cryptocurrency. Simplex provides a variety of bespoke services to each client, often times starting from discussing blockchain basics, industry insights, and case studies. In the process, our goal is to identify issues, and present solutions to resolve them together. EXMO continues to add new trading features and offers even more options for direct purchase of cryptocurrency with a bank card. Now, traders will be able to purchase cryptocurrency via the Simplex service. Simplex is one of the first movers in the crypto space to be awarded Principal Member of the Visa network, enabling us to offer debit cards to you, so you can offer them directly to your users.

Read more about eth dollar calculator here. The Onfido Real Identity Platform Build trust using a flexible, end-to-end identity verification solution. Verification Suite Get fair, fast, and accurate identity verification powered by AI. Onfido Studio Orchestrate verifications and signals into easy-to-manage workflows. Onfido Atlas™ Get fair, fast, and accurate identity verification powered by AI. E-Money stablecoins are fully collateralised, backed with bank deposits and government bonds held at commercial banks.

While these fees might not be the smallest around, they are still justified by the fact that you not only receive the chance to purchase cryptocurrencies with a credit card, but are also receiving super-secure and fast transactions. Enterprise-grade digital FinTech platform COTI is partnering with payment processing gateway Simplex to offer bank accounts and Visa debit cards on the Cardano blockchain, according to media reports and a company blog post. Having launched its first stablecoin on Cardano, COTI is on a mission… BitDCE exchange is a comprehensive trading platform covering digital currency spot, contract, legal currency, and cryptocurrency derivatives and other products. Strict KYC audit procedures will prevent criminals in order to better protect the security of assets and funds of cryptocurrency enthusiasts and users. When using Visa, Master, etc. to pay and buy cryptocurrencies on BitDCE exchange, select the menu bar and the entrance will be displayed automatically. As one of the optional payment methods on the platform, this will bring BitDCE users a better and more convenient payment experience. We would like to highlight that Simplex is a payment processor for fiat to cryptocurrency purchases. Our main activity scope is secure payment processing and fraud prevention.

The following actions will result in immediate disqualification：batch account registration, profits from market manipulation, self-dealing or wash trades. If you live in either of these states or countries, unfortunately, Simplex will not be available for you to utilize. That said, if you DO, in fact, reside in either of these countries or states, you might want to check out some alternatives – Coinbase and tradeallcrypto are usually seen as the top picks, but there are other high-end exchanges to choose from, too. Learn how, with Onfido, Neeyamo boosted automation – 80% of their global identity checks are now verified within one day. Find out how hoolah, with Onfido, are verifying customers in just 3 minutes. Learn how KOHO reduced their time to verify a new customer by 98%. With Onfido at the ‘front door’ verifying customer identities, Simplex is confident that they are providing a compliant service. As Simplex scale their service to new territories and products, Onfido will be with them every step of the way. FinTech North and NayaOne launch digital sandbox & Fintech marketplace to…

The Trustpilot Experience

The EQX tokens improve the overall experience of using the app, enabling EQIFi users to gain staking rewards, low cost loans, discounts on fees, a 10% increase in APY, higher LTVs for larger loans and priority access to EQIBank Accounts. Matrixport’s platform now allows users to buy crypto currencies directly through Visa and Mastercard. The integration with Simplex will provide DOT users another route from fiat into crypto. I am also very sorry for the difficulties the fees applied to your transaction have caused you! Please note that we do indeed apply fees to your purchases so as to ensure that we can serve you in the most efficient and timely manner possible, and we are always working toward lowering our costs as much as we can. This company does exactly what it says it will deposits crypto into your wallet but the fees are absolutely outrageous. I ended up paying 17% on a $100 deposit but, they did deposit and it was very easily done. Just had to give them a name and some information no pictures of driver’s license none of that it was was there but the confirmations to belong time. So good company, very high fees slow confirmations you can use them without worry.

The transactions are very fast , and you can be sure that the security of your crypto assets and fiat money is going to be kept in-tact. Due to the way that Simplex works, it provides instant payment processing – in most cases. The company states that some payments might, in fact, take between 48 and 72 hours to process. However, these are outlier situations – the only occur when there’s some stalling happening due to verification checks or similar issues.

With Onfido’s off-the-shelf SDKs, built with leading UX practices from auto-capture technology through to live user feedback, customers can go from ‘I’ve never been through a process of verifying my identity online’ to ‘verified’ without a snag. Today, Simplex are approving 76% of customers first-time through Onfido. Ramp is a Polish cryptocurrency API company that wants to make using cryptocurrencies as easy as shopping online. It describes itself as a crypto on-ramp specialist and aims to allow users to buy crypto without leaving their dApp or wallet. This press release contains “forward-looking information” within the meaning of applicable securities laws.

Simplex is one crypto-friendly company that is set to revolutionize the digital currency landscape. The fintech giant is striving to create a reliable system that allows investors to transact in crypto without worrying about fraud and stress. Since Simplex accepts both credit and debit cards, this means that there’s an entire tedious procedure that’s simply cut out of the equation. First of https://www.beaxy.com/buy-sell/drgn-btc/ all, the obvious – it allows many more people to have a smooth and easy gateway into the cryptocurrency market, and thus, by extension, into the world of cryptocurrencies, in general. While these people wouldn’t be wrong discussing such aspects, the Simplex company aims to turn the cryptocurrency market into a fair and fraud-free place where people could exchange crypto coins, worry-free.

Integration with payment processor Simplex means Opera browser users now have another route from fiat into crypto. Customer support was not able to figure this out after they reviewed the transaction on the blockchain which showed there was no memo when my wallet provider specifically says a memo is required and said it was an issue with my wallet provider. Been purchasing crypto for years now and this is the first time I used Simplex and the first time I have had any issues buying. Velas is proud to announce that we have made an agreement with Simplex. From now, the Velas blockchain users will be able to buy tokens using Simplex payment gateway fiat facilities. Produced commentary options for Simplex’s c-level team, positioning them as leaders in fintech, crypto/fiat payments and anti-fraud in crypto. With our experience and track records in supporting blockchain services to our institutional clients in highly competitive financial markets, we provide superb quality engineering services. If you submit the right documents and fill out all of the required fields of information, you should encounter no issues while purchasing the cryptocurrency of your choice. Add that with the fact already-discussed fact that Simplex isn’t an actual cryptocurrency exchange per se, and what you end up is a platform that does not have any “exchange-standard” features, except for that of purchasing crypto coins.